Chief Financial Officer

Job Title: Chief Financial Officer

Job Summary:

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• Oversee the financial management of the company, ensuring accurate and timely financial reporting and compliance with regulatory requirements.
  
• Develop and implement financial strategies to drive business growth and profitability.
  
• Manage the finance team, providing guidance and support to ensure effective financial planning and execution.
  
• Collaborate with senior management to establish and achieve financial goals and objectives.
  
• Ensure proper internal controls and risk management practices are in place to safeguard company assets.
  
• Develop and maintain relationships with key stakeholders, including banks, investors, and regulatory bodies.
  
• Stay up-to-date with industry trends and regulatory changes, ensuring the company remains compliant and competitive.
  
• Provide financial guidance and support to business units, ensuring alignment with company objectives.
  
• Develop and manage budgets, forecasts, and financial models to inform business decisions.
  
• Ensure accurate and timely financial reporting, including monthly and annual financial statements.
  

Responsibilities:

Operational Responsibilities:

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• Timely payments of all statutory requirements, ensuring timely filing of returns.
  
• Calculation and payment of advance taxes for the entire group.
  
• Submission of responses to notices received from various departments, including income tax, GST, VAT, and sales tax.
  
• Submission of required information to various authorities.
  
• Ensuring filing of monthly, quarterly, and annual returns to RBI, as directed under NBFC Returns (Reserve Bank) Directions, 2016.
  
• Installation of XBRL as per the requirement of RBI and updating the profile on a regular basis.
  
• Attending scrutiny and submission of information to various authorities, including appeals, tribunals, and high court.
  
• Filing of appeals and writ petitions with appellate authorities, tribunals, high court, etc.
  
• Coordination with auditors and consultants for advice and ensuring timely actions on all cases.
  
• Preparation of financial statements as per the applicable IFRS and Ind-AS.
  
• Enhancing customer satisfaction with timely payments with no delay as per the SOP.
  
• Proper payment management to customers and vendors as per the designed policies and procedures.
  
• Calculation of purity loss and ensuring necessary steps were taken for recovery of abnormal purity loss observed in transactions if any.
  
• Identifying vendors for sale of fine gold and ensuring collections in a timely manner and proper fund management within the organization.
  
• Estimating gold price fluctuations and taking necessary steps for mitigating fine gold price fluctuations.
  

Strategic Responsibilities:

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• Develop extensive relationships with senior bank officials, NBFCs, fund managers, FIIs, and major investment banks.
  
• Support senior management in setting up policies, procedures, and review mechanisms.
  
• Developing processes and ensuring quality control over financial transactions and financial reporting.
  
• Preparation of financial modules.
  
• Forecasting working capital effectiveness.
  
• Overseeing and providing preventive and corrective directions on weekly, monthly, and quarterly financial reporting.
  
• Developing strategies in tune with changing environments, updating financial processes and procedures, and effective implementation of plans and processes.
  
• Implementing appropriate internal controls and operating risk management processes and procedures within the organization to ensure integrity of performance and expense reporting and compliance with related group policies/standards.
  
• Adoption and implementation of applicable IFRS and Ind-AS to ensure transparency in presentation of financial statements to stakeholders and prospective investors.
  
• Adoption of latest updates in compliances and disclosure requirements as per RBI and other regulatory statutes.
  
• Preparation and implementation of policies for classification of loans (performing & non-performing).
  
• Designing agreements with agents for acquisition of business as well as recovery.
  
• Designing policies for classification and recovery of non-performing loans.
  
• Setup and organizing committees like risk assessment committee, internal audit committee, etc. as per the requirement under MCA.
  
• Ensuring transparency and disclosure requirements in terms of credit assessments, disclosure of information, grievance mechanism, classification of performing and non-performing assets, etc.
  
• Suggesting and implementing loan management software with mobile-ready solutions for disbursement and repayment of loans which enhances sales and recovery options.
  
• LMS reporting and coordinating with tech team for changes if any.
  
• Focus on information technology framework, data security, and business continuity plan in order to confirm with notifications and circulars issued on information technology framework for NBFC by RBI for safe keeping of information and documents and serving of loans.
  
• Review of agreements with third-party technology providers to ensure that the loan agreements facilitated on their platform will be managed in accordance with the required statutory norms.
  

Leadership Responsibilities:

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• Build culture, career, and pave way for strong team bonding, collaborative mindset, and a winning culture.
  
• Work closely with leadership team to co-lead and grow the organizational book of work and build/lead the team.
  
• Lead and drive organizational financial priorities and initiatives on transversal focus areas like automation, knowledge management, risk, and control, etc.
  
• Develop and implement policies and procedures to ensure effective financial management and control.
  
• Ensure compliance with regulatory requirements and industry best practices.
  
• Lead and manage the finance team to achieve financial goals and objectives.
  
• Develop and maintain relationships with key stakeholders, including banks, investors, and regulatory bodies.
  
• Stay up-to-date with industry trends and regulatory changes, ensuring the company remains compliant and competitive.
  
• Provide financial guidance and support to business units, ensuring alignment with company objectives.
  
• Develop and manage budgets, forecasts, and financial models to inform business decisions.
  
• Ensure accurate and timely financial reporting, including monthly and annual financial statements.
  

Key Performance Indicators (KPIs):

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• Financial performance metrics, including revenue growth, profit margins, and return on investment.
  
• Efficiency and effectiveness of financial processes and systems.
  
• Compliance with regulatory requirements and industry best practices.
  
• Leadership and management of the finance team.
  
• Development and maintenance of relationships with key stakeholders.
  
• Stay up-to-date with industry trends and regulatory changes.
  

Requirements:

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• Candidate should have a bachelor's degree in finance or a related field.
  
• Minimum 10 years of experience in finance, with at least 5 years in a leadership role.
  
• Strong knowledge of financial management principles and practices, including financial reporting, budgeting, and forecasting.
  
• Experience with financial software and systems, including accounting, budgeting, and forecasting tools.
  
• Strong leadership and management skills, with the ability to lead and motivate a team.
  
• Excellent communication and interpersonal skills, with the ability to build and maintain relationships with key stakeholders.
  
• Strong analytical and problem-solving skills, with the ability to interpret financial data and make informed decisions.
  
• Ability to stay up-to-date with industry trends and regulatory changes.
  
• Experience with XBRL and other financial reporting tools.
  
• Strong understanding of IFRS and Ind-AS.